The Cayman Islands Society of Professional Accountants’ (CISPA) has appointed Baron Jacob, a financial services partner with EY, as president.
In addition, Serge Berube, a partner at Deloitte, was elected vice president while Norm McGregor and Mike Mannisto were re-elected as treasurer and secretary respectively.
At the annual general meeting, the oldest professional association in the Cayman Islands also revealed its plans for the year ahead.
During the meeting, Jacob, the incoming president, explained that CISPA will focus on brand awareness, NASBA certification of a number of training courses, and a membership drive amongst the civil service.
In terms of promoting high-quality practices, the outgoing president, Sheenah Hislop, said: “Quality assurance reviews were conducted in July and formal monitoring of continued professional development (CPD) hours for members was successfully carried out.”
Hislop added that CISPA worked with the Cayman Islands Monetary Authority to ensure compliance with the Proceeds of Crime Law, and provided more than 120 hours of continued professional education in 2014.
CISPA said one of its strategic objectives is to be an active and credible contributor on issues affecting financial services in the Cayman Islands.
Jacob said: “We take this role very seriously and will continue to play an active role in both local and international consultations affecting the profession and the Cayman Islands.”
He also provided an update on amendments to the Public Accountants Law that CISPA has been working on with the Ministry of Finance. He said: “We will continue to push toward realising the new Accountants and Public Practice Law, as well as the quality and disciplinary regulations.”
CISPA, EY, Baron Jacob, Cayman, Deloitte, Serge Berube